The Traderszone Network

Published in TZ Latest News 5 April, 2017 by The TZ Newswire Staff

Former Snap, Inc. Employee Says Company’s "Valuation Is Built On a House of Cards"

Just two months before Snap (NYSE: SNAP) went public, former employee Anthony Pompliano filed suit against the company and alleged that Snap was misrepresenting various operating metrics. Pompliano had been poached from Facebook over a year prior to head up Snap’s growth efforts, only to be let go after less than a month. The ex-employee believes he was hired specifically so that Snap could obtain confidential information, not for the stated reason of leading the company’s growth ambitions.

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